Zions Bancorporation N.A. Buys 3,008 Shares of Alphabet Inc. (NASDAQ:GOOG)

Zions Bancorporation N.A. increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 34.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,811 shares of the information services provider’s stock after acquiring an additional 3,008 shares during the quarter. Zions Bancorporation N.A.’s holdings in Alphabet were worth $2,249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GOOG. Principal Financial Group Inc. raised its position in shares of Alphabet by 2.5% during the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock worth $1,843,149,000 after purchasing an additional 264,962 shares during the period. Penserra Capital Management LLC raised its holdings in Alphabet by 1.2% during the 3rd quarter. Penserra Capital Management LLC now owns 12,240 shares of the information services provider’s stock worth $2,046,000 after buying an additional 147 shares during the period. Hancock Whitney Corp lifted its stake in Alphabet by 0.9% in the third quarter. Hancock Whitney Corp now owns 22,040 shares of the information services provider’s stock valued at $3,685,000 after buying an additional 195 shares in the last quarter. Blue Investment Partners LLC boosted its holdings in shares of Alphabet by 150.0% in the third quarter. Blue Investment Partners LLC now owns 7,750 shares of the information services provider’s stock valued at $1,296,000 after buying an additional 4,650 shares during the period. Finally, Elios Financial Group Inc. bought a new stake in shares of Alphabet during the third quarter worth $211,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,048 shares of company stock worth $17,374,274. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

NASDAQ:GOOG opened at $172.79 on Wednesday. Alphabet Inc. has a 12-month low of $148.20 and a 12-month high of $208.70. The firm has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 1.34 and a beta of 1.03. The stock’s 50 day moving average price is $183.56 and its two-hundred day moving average price is $178.44. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is presently 9.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GOOG. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Oppenheimer boosted their target price on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Rosenblatt Securities reaffirmed a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.